TD Cowen analyst Joseph C Giordano maintains $AMETEK (AME.US)$ with a sell rating, and maintains the target price at $158.
According to TipRanks data, the analyst has a success rate of 64.8% and a total average return of 10.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AMETEK (AME.US)$'s main analysts recently are as follows:
The firm noted that the company's third quarter earnings beat, which was driven by margins, along with guidance that met expectations and an increase in total orders quarter-over-quarter, appeared to fuel the company's significant positive performance following the announcement. This occurred despite the third quarter sales not meeting estimates.
Following the Q3 report, the anticipated upward revisions in estimates alongside the effective use of the balance sheet for strategic purposes are acknowledged as factors contributing to the positive outlook on Ametek's continuous performance.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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